Cno Finl Group Inc Stock Price, News & Analysis

CNO Financial Group has announced its Board of Directors' declaration of a quarterly cash dividend of $0.16 per share on common shares. This represents the company's 50th consecutive quarterly dividend payment. The dividend will be paid on December 24, 2024, to shareholders recorded as of December 10, 2024.

The 2024 CNO Financial Indianapolis Monumental Marathon set multiple records with over 16,000 participants from 50 states and 30+ countries. Lindsey Bradley won the women's marathon with a new course record of 2:31:46, breaking the previous record by nearly four minutes. The half marathon saw new records from Chandler Gibbens (1:02:25) and Emma Grace Hurley (1:08:25). The event marked its 12th consecutive sellout and featured the largest marathon field ever with over 5,000 finishers. More than 240 participants ran for various charitable causes through the Run for a Cause program.

CNO Financial Group reported third quarter 2024 results with net income of $9.3 million ($0.09 per diluted share), compared to $167.3 million ($1.46 per diluted share) in 3Q23. Net operating income was $119.2 million ($1.11 per diluted share), up from $101.3 million ($0.88 per diluted share) in 3Q23. The company achieved record annuity collected premiums, with a 25% increase, and reported strong Medicare sales growth. Key highlights include a 15% increase in Medicare Supplement new premiums, 26% growth in Medicare Advantage sales, and agent count increases of 5% and 17% in Consumer and Worksite divisions respectively. The company's statutory risk-based capital ratio was estimated at 388%.

CNO Financial Group (NYSE: CNO) has announced that it will release its third quarter 2024 results after market close on Thursday, October 31, 2024. The company will host a conference call to discuss the results on Friday, November 1, 2024, at 11:00 a.m. Eastern Time.

Investors can participate in the conference call by registering online, which will provide them with call details and a registrant ID. The call will also be broadcast live via webcast through the Investors section of CNO's website at ir.CNOinc.com. Participants are advised to register at least 15 minutes before the event starts.

For those unable to attend the live call, a replay will be available on the company's Investors section of the website.

CNO Financial Group, Inc. (NYSE: CNO) has appointed Jess Turner to its board of directors, effective immediately. Turner, currently serving as Executive Vice President and Global Head of Open Banking and API at Mastercard (NYSE: MA), brings significant fintech, financial services, and management experience to the board. Her appointment increases the CNO board size to nine directors.

Turner's expertise in tech-enabled customer experiences, digital product development, and technology security is expected to contribute to CNO's strategic growth priorities. At Mastercard, she leads the development of new products and technologies for open banking, driving innovation with key partners across the ecosystem. Her previous roles at Mastercard included leading strategy for blockchain, digital assets, crypto, and open banking products.

Washington National Insurance Company has introduced an enhanced Hospital Indemnity Insurance product for worksite and consumer customers. The new plan pays benefits for hospital stays due to covered accidents or sicknesses, including mental illness. Key features include:

1. Cash benefits for inpatient and outpatient care
2. Optional riders for customized coverage
3. Flexibility in benefit usage
4. Portability across jobs and into retirement
5. Consistent premiums
6. Guaranteed renewability

This product aims to provide financial protection against unexpected hospital stays, addressing the concern that nearly half of U.S. adults would struggle to pay a $500 medical bill without incurring debt.

CNO Financial Group (NYSE: CNO) has announced that its CEO, Gary C. Bhojwani, will be presenting at the 2024 KBW Insurance Conference. The event is scheduled for Thursday, September 5, at 9:50 a.m. EST, and will take place at the St. Regis New York.

Investors and interested parties can access a live video webcast of the presentation through CNO Financial Group's investor relations page. The webcast link provided is https://wsw.com/webcast/kbw109/cno/1588928.

This presentation offers an opportunity for stakeholders to gain insights into CNO Financial Group's strategies and outlook directly from its chief executive. The KBW Insurance Conference is a significant industry event, bringing together key players in the insurance sector.

CNO Financial Group (NYSE: CNO) has announced a quarterly cash dividend of $0.16 per share on its common shares. The dividend will be payable on September 24, 2024, to shareholders of record at the close of business on September 10, 2024. This announcement demonstrates CNO's commitment to returning value to its shareholders through regular dividend payments. The declaration of a dividend is often seen as a sign of financial stability and confidence in the company's future prospects.

CNO Financial Group reported strong Q2 2024 results, with net income up 66% to $116.3 million ($1.06 per diluted share) and operating earnings up 94% to $114.6 million ($1.05 per diluted share). Key highlights include:

- Total new annualized premiums up 4%, with Worksite Division up 18%
- Medicare Supplement NAP up 16%; Medicare Advantage policies sold up 78%
- Annuity collected premiums up 9%; Policyholder assets up 9%
- Book value per share up 30% to $22.80
- Return on equity of 19.9%; operating ROE of 11.2%
- $77.2 million returned to shareholders

CNO's CEO Gary C. Bhojwani noted strong performance across the board, with continued sales momentum, growing agent force, and strong underwriting margins. The company is raising full-year guidance on earnings and cash flow.